Sustainability and global warming are key concerns for businesses with a social conscience globally. SMEs are springing up all over with innovative value-added approaches that are environmentally focussed. SeedFuel in Singapore is one such social enterprise SME. SeedFuel has been using Financio software since day one for its accounting needs.
A healthy choice for a healthy planet
SeedFuel’s main product is a unique flour made from the seed kernels of mangoes through a patented process. This mango flour is very high in antioxidants, naturally occurring compounds that help to fend off cell damage. Mango flour is also gluten-free, making it an ideal product for consumers who are gluten intolerant or have wheat allergies. Mango flour also contains high levels of naturally occurring digestive enzymes which aid in steady and complete nutrient uptake, making it well suited for diabetic or pre-diabetic people. SeedFuel also produces mango butter used in cosmetics and pectin, a natural thickening agent, rich in dietary fibre used as a thickening agent in foods such as jams and jellies.
SME social enterprises
SeedFuel is working with a top-tier food science programme in Singapore to create more made-from-fruit-waste products. Dedicated to environmental stability and job creation, the company saw that large mango producers have no need for seeds and peel so these end up in landfills. SeedFuel and its partners collect these byproducts before they are sent to landfill and use them to create high-value goods. Since its inception, SeedFuel has used Financio for its accounting. Co-founder and CEO, James Moses says, “I started out as a one-man operation, and I knew that I would need dedicated accounting software if I were going to keep up with all the tasks that I had in hand.”
Financio for SMEs
James describes the benefits of using Financio for his business. “Time is critical, and if 24/7 could somehow be 28/8, there still wouldn’t be enough time in a day in a week to finish everything I need to finish. Financio has really helped me by reducing the amount of time that need to spend on my accounting tasks, and this allows me to focus on more pressing operational and strategic tasks that I have,” says James adding, “My favourite Financio features are the customer service and the live chat feature. Especially at the beginning when I was new at Financio, I was having trouble figuring how and what categories some of my transactions would fall into, it was great to be able to contact live chat. They walked me through the various transactions and got me through those rough times. Time savings are very important to me but so is accuracy, and I find it very comforting to know that with the seamless DBS integration into Financio my transactions can be reconciled quite easily, quite quickly and very accurately. I can pay my suppliers very easily through that integration.” James has been delighted with Financio for his start-up, saying, “I would definitely recommend Financio to other business owners. I think Financio is a great software package for any small business but especially for very lean start-ups. I started out as a one-man operation, and I think that Financio would be great for anyone, two or three-person operation. The time savings that Financio offers allows the small business to focus on other pressing matters I am happy that Financio and DBS are helping SeedFuel to create healthy choices for a healthy planet.”
Take a look at integration between Financio and DBS and enjoy the benefits of easy accounting for your business starting from day one. Watch the full video below: